Gold Investment Management Ltd. Has $1.69 Million Stock Position in Mid-America Apartment Communities, Inc. (NYSE:MAA)

Gold Investment Management Ltd. lessened its holdings in Mid-America Apartment Communities, Inc. (NYSE:MAA) by 2.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,924 shares of the real estate investment trust’s stock after selling 252 shares during the period. Gold Investment Management Ltd.’s holdings in Mid-America Apartment Communities were worth $1,689,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. Inspire Investing LLC grew its stake in shares of Mid-America Apartment Communities by 0.9% in the 4th quarter. Inspire Investing LLC now owns 7,978 shares of the real estate investment trust’s stock valued at $1,233,000 after purchasing an additional 68 shares during the period. IFP Advisors Inc boosted its stake in Mid-America Apartment Communities by 37.2% in the 4th quarter. IFP Advisors Inc now owns 251 shares of the real estate investment trust’s stock valued at $39,000 after buying an additional 68 shares in the last quarter. Sanctuary Advisors LLC grew its position in Mid-America Apartment Communities by 0.6% in the fourth quarter. Sanctuary Advisors LLC now owns 11,220 shares of the real estate investment trust’s stock valued at $1,704,000 after acquiring an additional 69 shares during the period. UMB Bank n.a. raised its stake in Mid-America Apartment Communities by 30.5% during the fourth quarter. UMB Bank n.a. now owns 321 shares of the real estate investment trust’s stock worth $50,000 after acquiring an additional 75 shares in the last quarter. Finally, Chesley Taft & Associates LLC lifted its holdings in shares of Mid-America Apartment Communities by 1.6% during the fourth quarter. Chesley Taft & Associates LLC now owns 4,828 shares of the real estate investment trust’s stock valued at $746,000 after acquiring an additional 75 shares during the period. 93.60% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. KeyCorp upgraded shares of Mid-America Apartment Communities from a “sector weight” rating to an “overweight” rating and set a $180.00 target price for the company in a research report on Tuesday, December 17th. Truist Financial raised their price objective on shares of Mid-America Apartment Communities from $158.00 to $174.00 and gave the stock a “buy” rating in a report on Monday, March 10th. Royal Bank of Canada boosted their target price on Mid-America Apartment Communities from $158.00 to $161.00 and gave the stock a “sector perform” rating in a report on Friday, February 7th. Wells Fargo & Company dropped their price target on Mid-America Apartment Communities from $174.00 to $164.00 and set an “overweight” rating for the company in a report on Friday, January 24th. Finally, JMP Securities reissued a “market outperform” rating and issued a $160.00 price objective on shares of Mid-America Apartment Communities in a research note on Tuesday, February 11th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Mid-America Apartment Communities has a consensus rating of “Moderate Buy” and an average price target of $168.43.

Mid-America Apartment Communities Price Performance

MAA opened at $163.32 on Monday. The company has a fifty day moving average price of $156.86 and a two-hundred day moving average price of $157.44. The firm has a market capitalization of $19.09 billion, a PE ratio of 36.46, a P/E/G ratio of 3.72 and a beta of 0.90. Mid-America Apartment Communities, Inc. has a 52 week low of $123.73 and a 52 week high of $173.38. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.08 and a current ratio of 0.08.

Mid-America Apartment Communities (NYSE:MAA) last announced its quarterly earnings data on Wednesday, February 5th. The real estate investment trust reported $2.23 EPS for the quarter, topping analysts’ consensus estimates of $1.04 by $1.19. Mid-America Apartment Communities had a return on equity of 8.53% and a net margin of 24.03%. As a group, analysts anticipate that Mid-America Apartment Communities, Inc. will post 8.84 earnings per share for the current year.

About Mid-America Apartment Communities

Mid-America Apartment Communities, Inc is a real estate investment trust, which engages in the operation, acquisition, and development of apartment communities. It operates through the Same Store and Non-Same Store segments. The Same Store Communities segment represents those apartment communities that have been owned and stabilized for at least 12 months as of the first day of the calendar year.